Banks of the United States

Chase Expands Retail Branches to All Lower 48 States

Retrieved on: 
Wednesday, August 4, 2021

Chase today announced that it has officially opened bank branches in all of the lower 48 states, marking an important milestone in its expansion plans and as the first national bank to have a retail presence in the contiguous United States.

Key Points: 
  • Chase today announced that it has officially opened bank branches in all of the lower 48 states, marking an important milestone in its expansion plans and as the first national bank to have a retail presence in the contiguous United States.
  • View the full release here: https://www.businesswire.com/news/home/20210804005697/en/
    The bank is more than halfway through its plans to open 400 branches in new markets by the end of 2022.
  • Since announcing expansion plans in 2018, Chase has opened more than 220 branches and entered 25 new states and the District of Columbia.
  • Customers can choose how and where they want to bank: More than 4,800 branches in 48 states and the District of Columbia, 16,000 ATMs, mobile, online and by phone.

Stock Yards Bancorp to Participate in the KBW Virtual Community Bank Investor Conference

Retrieved on: 
Monday, August 2, 2021

LOUISVILLE, Ky., Aug. 02, 2021 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville, central, eastern and northern Kentucky, as well as the Cincinnati and Indianapolis metropolitan markets, today announced that James A.

Key Points: 
  • LOUISVILLE, Ky., Aug. 02, 2021 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville, central, eastern and northern Kentucky, as well as the Cincinnati and Indianapolis metropolitan markets, today announced that James A.
  • Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $6.1 billion in assets, was incorporated in 1988 as a bank holding company.
  • It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904.
  • For more information about Stock Yards Bancorp, visit the Companys website at www.syb.com .

Mairin C. Rooney Joins SVB Leerink to Further Strengthen Biopharma Franchise

Retrieved on: 
Monday, August 2, 2021

Ms. Rooney joins SVB Leerink as a Senior Managing Director reporting to Global Co-Head of Healthcare Investment Banking, Dr. Dan Dubin.

Key Points: 
  • Ms. Rooney joins SVB Leerink as a Senior Managing Director reporting to Global Co-Head of Healthcare Investment Banking, Dr. Dan Dubin.
  • "Mairin is a strong addition to the senior SVB Leerink team and broadens our leadership in the biopharma and life sciences sectors," Dr. Dubin stated.
  • Ms. Rooney brings over a decade of healthcare investment banking experience and joins SVB Leerink from Goldman Sachs where she served as Managing Director in the Healthcare Investment Banking group focused on biopharma and biotech clients.
  • SVB Leerink is a wholly owned subsidiary of SVB Financial Group and is a member of FINRA/SIPC.

HomeTrust Bancshares, Inc. Announces Date of Annual Meeting of Stockholders

Retrieved on: 
Friday, July 30, 2021

HomeTrust Bancshares, Inc. is the holding company for HomeTrust Bank.

Key Points: 
  • HomeTrust Bancshares, Inc. is the holding company for HomeTrust Bank.
  • As of June 30, 2021, the Company had assets of $3.5 billion.
  • HomeTrust Bancshares, Inc. is the 2nd largest publicly traded community bank holding company headquartered in North Carolina.
  • The Company does not undertake and specifically disclaim any obligation to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

Minnesota Bank & Trust Launches New Home Improvement Loan for Low- to Moderate- Income Consumers

Retrieved on: 
Thursday, July 29, 2021

Were proud to launch this new loan product to help the communities we serve, said Stephen Bishop, President and CEO at Minnesota Bank & Trust.

Key Points: 
  • Were proud to launch this new loan product to help the communities we serve, said Stephen Bishop, President and CEO at Minnesota Bank & Trust.
  • Minnesota Bank & Trust is dedicated to meeting the needs of our customers by providing access to credit.
  • This new product is part of a broader initiative at Minnesota Bank & Trust and HTLF to help consumers in need of credit.
  • HTLF has banks serving communities in Arizona, California, Colorado, Minnesota, Iowa, Kansas, Minnesota, Missouri, Montana, New Mexico, Texas and Minnesota.

First Mid Bancshares, Inc. Announces Acquisitions of Delta Bancshares Company and St. Louis Based Loan and Deposit Portfolio and Team

Retrieved on: 
Thursday, July 29, 2021

Delta is the parent company of Jefferson Bank and Trust (Jefferson) and is headquartered in St. Louis, Missouri, operating five branches throughout the metro area.

Key Points: 
  • Delta is the parent company of Jefferson Bank and Trust (Jefferson) and is headquartered in St. Louis, Missouri, operating five branches throughout the metro area.
  • Delta is a private company with a 129-year history of providing financial services to the St. Louis market.
  • The acquisition will include four commercial lenders who have the primary relationships with the acquired customers and two support personnel.
  • About Delta Bancshares: Delta Bancshares Company (Delta) is the parent company of Jefferson Bank and Trust.

Valley Bank Brings Relationship Banking to Greater Philadelphia Region

Retrieved on: 
Thursday, July 29, 2021

Valley National Bank, a regional bank with approximately $41 billion in assets, is continuing its expansion into the greater Philadelphia region to provide financial services for growth-oriented small and mid-sized businesses.

Key Points: 
  • Valley National Bank, a regional bank with approximately $41 billion in assets, is continuing its expansion into the greater Philadelphia region to provide financial services for growth-oriented small and mid-sized businesses.
  • Leading Valleys commercial and industrial lending team in the region is Mark Biedermann, Senior Vice President, Division Head who recently joined the bank.
  • With more than 32 years of commercial banking experience, Biedermann has held several executive and senior management positions at local banks in the Philadelphia region.
  • As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with approximately $41 billion in assets.

Wheelhouse 360, Technology and Consumer Investing Division of Multifaceted Media Company Wheelhouse, Expands Team

Retrieved on: 
Thursday, July 29, 2021

Foreman joins Wheelhouse 360 from Lindsey Goldberg, the $17 billion private equity firm, having previously worked in mergers and acquisitions in Lazards telecommunications, media and technology advisory group.

Key Points: 
  • Foreman joins Wheelhouse 360 from Lindsey Goldberg, the $17 billion private equity firm, having previously worked in mergers and acquisitions in Lazards telecommunications, media and technology advisory group.
  • Mulugeta arrives from Bank of America Merrill Lynch, where he was a member of the global consumer and retail investment banking team.
  • Earlier this year, the company launched Wheelhouse DNA digital n audio dedicated to developing, producing and distributing content from creators and influencers.
  • The company consists of four businesses: content and production division Wheelhouse Entertainment (WHE); in-house brand marketing and creative innovation arm Wheelhouse Labs; investment division Wheelhouse 360; and real estate operation Wheelhouse Properties.

Community Trust Bancorp, Inc. Announces CEO Retirement and Succession Plan

Retrieved on: 
Wednesday, July 28, 2021

Community Trust Bancorp, Inc. (NASDAQ: CTBI), parent company of Community Trust Bank, Inc. and Community Trust and Investment Company, with offices in Kentucky, West Virginia, and Tennessee, announces that Jean R. Hale, Chairman, President, and Chief Executive Officer of the Company for the last 23 years will retire effective February 7, 2022.

Key Points: 
  • Community Trust Bancorp, Inc. (NASDAQ: CTBI), parent company of Community Trust Bank, Inc. and Community Trust and Investment Company, with offices in Kentucky, West Virginia, and Tennessee, announces that Jean R. Hale, Chairman, President, and Chief Executive Officer of the Company for the last 23 years will retire effective February 7, 2022.
  • Mr. Gooch has served as President and CEO of the Companys primary subsidiary, Community Trust Bank, Inc., since July 1999 and will continue to serve in that capacity.
  • His leadership of our executive team gives me great confidence that Community Trust will continue its long history of strong financial performance.
  • She became President and CEO of Community Trust Bancorp, Inc. in 1999 and Chairman in 2005.

Community Trust Bancorp, Inc. Increases Its Cash Dividend

Retrieved on: 
Wednesday, July 28, 2021

On July 27, 2021, the Board of Directors of Community Trust Bancorp, Inc. (NASDAQ: CTBI) increased its quarterly cash dividend to $0.40 per share beginning with the October 1, 2021 payment to shareholders of record on September 15, 2021.

Key Points: 
  • On July 27, 2021, the Board of Directors of Community Trust Bancorp, Inc. (NASDAQ: CTBI) increased its quarterly cash dividend to $0.40 per share beginning with the October 1, 2021 payment to shareholders of record on September 15, 2021.
  • This represents an increase of 3.90% in the quarterly cash dividend.
  • We are pleased to have increased the cash dividend to our shareholders for the 41st consecutive year," said Jean R. Hale, Chairman, President and CEO.
  • Community Trust Bancorp, Inc., with assets of $5.5 billion, is headquartered in Pikeville, Kentucky and has 70 banking locations across eastern, northeastern, central, and south central Kentucky, six banking locations in southern West Virginia, three banking locations in northeastern Tennessee, four trust offices across Kentucky, and one trust office in Tennessee.